Author: Matthew Pecko

Barone Management’s Scott Barone Acquires Three Bronx Leaseholds

Lee & Associates NYC represented the fee owner and procured a leaseholder for three properties in the Bronx. Located at 629 Courtlandt Ave., 1680 Southern Blvd. and 4035 White Plains Rd., they were built in the early 1970s and total more than 66,000 square feet, with 74,000 square feet of combined air rights for community facility use.  Ben Tapper, director of Lee NYC’s National Investment Services Group, was the sole broker. The new leaseholder is Scott Barone, founder of Barone Management. The Gargiulo family owns all three buildings.  “These buildings have been owned by the ...

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CityPickle will open its first permanent location this week — here’s where

Getting into a year-round pickleball craze just got easier, as CityPickle's long-awaited indoor courts in LongIsland City — plus a bar, a shop and a restaurant — will open on Friday Sept. 15, The Post has learned. CityPickle's co-founders and long-time friends, Mary Cannon and Erica Desai, leased the permanent location —CityPickle's first brick and mortar, no less — at The Woodworks at 9-03 44th Rd., a newly developed red-brickindustrial property between Ninth and Tenth streets near Vernon Boulevard in the Queens neighborhood. “CityPickle is hoping to remove all the weather anxiety...

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CrowdStreet: 10 Gordon Drive Self-Storage

The real estate investment platform CrowdStreet launched an offering for a ground-up development of a self-storage facility in Long Island, New York. In times of adverse market conditions and economic uncertainty, a historically resilient and inflation-hedging investment avenue is self-storage facilities. The 10 Gordon Drive Self Storage project is in a market that’s seeing high demand for such facilities, which have seen a 94% occupancy rate and 10% rent growth over the last 12 months according to management company Extra Space Storage, which will provide the facility with its proprietary ...

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RealtyMogul: Bronx Charter School For Children

Real estate investment platform RealtyMogul opened the pledging window for an equity investment in a children’s charter school in New York City’s Bronx borough. Bronx Charter School for Children offering sponsor Barone Management acquired a 99-year ground lease for a 24,300-square-foot vacant commercial building in the South Bronx neighborhood. The property will undergo a renovation, including the addition of an additional floor to add 4,200 square feet to the building, which will become a school. Construction is underway and is expected to be completed by December 2024. An experienced te...

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Talonvest Arranges $13.8M Construction Loan for Long Island Self-Storage Facility

SYOSSET, N.Y. — California-based boutique advisory firm Talonvest Capital has arranged a $13.8 million construction loan for a self-storage facility in the Long Island community of Syosset. The facility will consist of 1,025 climate-controlled units and 86 drive-up units for a total of 103,440 net rentable square feet. Talonvest arranged the loan, which carried a five-year term and four years of interest-only payments, through an undisclosed commercial bank. The borrower and developer is Barone Management. Delivery is slated for late 2024. See the original article here. ...

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